Space Solar Panel and Array Market Set to Grow Rapidly Driven by Expanding Satellite Launches and Demand for Reliable Power in Space | Valuates Reports

Space Solar Panel and Array Market Size
The global market for Space Solar Panel and Array was valued at US$ 275 million in the year 2024 and is projected to reach a revised size of US$ 869 million by 2031, growing at a CAGR of 18.1% during the forecast period.

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The global Space Solar Panel and Array Market is witnessing strong momentum, fueled by increased satellite launches, space exploration missions, and demand for continuous, lightweight, and high-efficiency power generation systems in orbit. As both government space agencies and private aerospace companies accelerate deployments in LEO, MEO, and GEO orbits, the need for robust and scalable solar power solutions continues to rise.

By type, the market is segmented into space solar panels and space solar arrays. Space solar panels, typically composed of high-efficiency multi-junction photovoltaic cells, are crucial for energy generation on spacecraft. On the other hand, space solar arrays-which integrate multiple panels into deployable structures-provide larger power capacities, especially for long-duration missions and large spacecraft platforms.

In terms of application, large spacecraft dominate the market due to the extensive power requirements of communication satellites, defense applications, and interplanetary exploration modules. However, small spacecraft, including CubeSats and nano-satellites, are the fastest-growing segment, driven by cost-effective commercial satellite constellations for earth observation, telecom, and IoT services.

Technological advancements in materials such as gallium arsenide (GaAs), thin-film cells, and flexible array structures are pushing the boundaries of efficiency and durability in space conditions. Moreover, the adoption of lightweight, radiation-resistant solar technologies is enabling longer mission lifespans and improved energy yields.
As the global space economy expands with the support of private players like SpaceX, Blue Origin, and OneWeb, along with national space agencies, the Space Solar Panel and Array Market is expected to witness significant growth. The market outlook remains bullish with rising investments in satellite infrastructure, deep-space missions, and lunar/Mars exploration initiatives.

by Type

•
Space Solar Panel
• Space Solar Array

by Application

• Large Spacecraft
• Small Spacecraft

By Company

SolAero Technologies, Spectrolab, DHV Technology, GomSpace, ISISPACE, NanoAvionics, MMA Design, Pumpkin

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